the ceos realize that the president is james dean, they are the other guy, the loser in the game of chicken, with their coats caught on the car door handle, trapped, and barrelling right over the cliff to a fiery death. good scene, good movie. bad ending. so what happens in the scenario when we go over the cliff? i loved today's glimpse before the short covering rally when we learned of the new meeting. first gold gets hammered, washington said inflation is really anti inflationary and the fed's posture won't change that. i want you out of the gold stocks and into the precious metal later. gld, etf, sell stocks now, buy later. and deals looking bad for oil and gas companies, because demand for energy will decline, particularly demand for hedge funds. you like to play against a hedge against inflation. i like oil, remind you it's an international market kind of driven by the chinese, not us, if eog resources goes down, consider that company as a place to put your money.